Diddy Pursues Appeal as Former SBF Cellmate Files as Well
Diddy's Legal Appeal: Sean "Diddy" Combs has filed a notice of appeal to overturn his conviction, confirmed by his legal team, although the case has no direct ties to the crypto market.
Market Sentiment Impact: High-profile legal cases like Diddy's can influence market sentiment, potentially increasing interest in entertainment-related crypto assets such as Audius, despite minimal direct effects on primary crypto assets.
Minimal Long-term Effects: Analysts predict that Diddy's case will have a negligible long-term impact on the cryptocurrency market, as celebrity legal issues historically do not significantly affect crypto prices.
Speculative Activities: While the case may provoke some speculative activities in entertainment-linked assets, the fundamentals of the broader crypto market remain largely unchanged.
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Technical Analysis for IMX
Technical Sentiment Analysis for Immutable (IMX) As of , Immutable (IMX) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for IMX stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, IMX is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Immutable (IMX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0506 | 0.0898 | 0.13 | 0.169 | 0.209 | 0.248 | 0.288 |
| Fibonacci | 0.0898 | 0.12 | 0.139 | 0.169 | 0.199 | 0.218 | 0.248 |
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